• June 16, 2025
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DisCos To Compensate Band A Customers In 557 Streets -NERC Orders

DisCos To Compensate Band A Customers In 557 Streets -NERC

May 13, 2025

NERC: The Nigerian Electricity Regulatory Commission has ordered nine electricity Distribution Companies to compensate Band A customers living in 557 streets across its franchise areas for failing to meet the minimum power supply requirement mandated under the new electricity tariff regime. According to NERC, the affected DisCos must implement the compensation across 152 electricity feeders […]Read More

Troops deactivate 95 illegal refining sites in April – DHQ

Troops deactivate 95 illegal refining sites in April – DHQ

May 8, 2025

The Defence Headquarters says the troops of Operation Delta Safe, discovered and deactivated 95 illegal refining sites and foiled oil theft worth N1.9 billion in the month of April. The Director, Defence Media Operations, Maj.-Gen. Markus Kangye, made this known while briefing newsmen on the activities of the Armed Forces of Nigeria on Thursday in […]Read More

Digital Skill: FG trains 200,000 Nigerians on artificial intelligence

Digital Skill: FG trains 200,000 Nigerians on artificial intelligence

May 6, 2025

Digital Skill: The Federal Government says it has trained no fewer than 200,000 Nigerians on Artificial Intelligence (AI) and emerging technologies in order to build a digitally skilled workforce for the country. Chief Uche Nnaji, the Minister of Innovation, Science and Technology, disclosed this on Tuesday in Abuja at the 10th Annual Symposium and Awards […]Read More

Sahara Group Foundation Reaffirms Commitment to African Entrepreneurs with MADAA Reload 

Sahara Group Foundation Reaffirms Commitment to African Entrepreneurs with MADAA

May 6, 2025

The Sahara Group Foundation has repositioned the Making A Difference Around Africa (MADAA) initiative to support entrepreneurs on the continent with seamless access to markets, technology, and business advisory services.  “Through the MADAA initiative, we aim to connect entrepreneurs with opportunities that will grow their businesses and ultimately unlock Africa’s potential for inclusive development” said Chidilim Menakaya, Director of […]Read More

NNPC Targets $60bn Investment, 3mbpd Oil Output by 2030

NNPC Targets $60bn Investment, 3mbpd Oil Output by 2030

April 17, 2025

The newly appointed leadership of the Nigerian National Petroleum Company (NNPC) Limited has outlined an ambitious strategy to attract sectoral investments totalling $30 billion by 2027, with a long-term goal of reaching $60 billion by 2030. The state-owned energy giant is also setting its sights on increasing Nigeria’s crude oil output to over 2 million […]Read More

Crude Oil Prices Hit Three-Week High Amid Supply Tightness, Sanctions

Crude Oil Prices Hit Three-Week High Amid Supply Tightness, Sanctions

March 26, 2025

Crude oil prices surged to a three-week high earlier today, driven by the latest U.S. oil inventory data from the American Petroleum Institute (API) and expectations of a tighter market due to Washington’s intensified sanctions on Iran and Venezuela. At the time of writing, Brent crude was trading at $73.13 per barrel, while West Texas […]Read More

Record-Breaking Annual Growth in Renewable Power Capacity 

Record-Breaking Annual Growth in Renewable Power Capacity 

March 26, 2025

With 585 GW of capacity additions, renewables accounted for over 90% of total power expansion globally in 2024.    Renewable Capacity Statistics 2025 released by the International Renewable Energy Agency (IRENA) today shows a massive increase in renewable power capacity during 2024, reaching 4 448 gigawatts (GW). The 585 GW addition last year indicates a 92.5% […]Read More

NSIA, SEforALL, Others Create $500M Fund For Renewable Energy Projects in Nigeria

NSIA, SEforALL, Others Create $500M Fund For Renewable Energy Projects

March 15, 2025

The Nigeria Sovereign Investment Authority (NSIA), Sustainable Energy for All (SEforALL), the International Solar Alliance (ISA), and Africa50 have launched a $500 million fund to develop and finance distributed renewable energy (DRE) projects in Nigeria. The partners revealed in a statement seen by EnergyPlanets that the NSIA, SEforALL and Africa50 signed the Fund’s Heads of […]Read More

Renaissance Energy Completes Acquisition Of SPDC

Renaissance Energy Completes Acquisition Of SPDC

March 14, 2025

Renaissance Africa Energy has completed the “acquisition of the entire (100%)” equity holding in Shell Petroleum Development Company of Nigeria (SPDC). This is according to a statement on Thursday by the spokesman of Renaissance Africa Energy Holdings Tony Okonedo who said the acquisition was completed on the same day. Renaissance Purchase agreement with SPDC “This […]Read More

Seplat Energy’s Operating Profit Grows to N647.9bn in 2024FY

Seplat Energy’s Operating Profit Grows to N647.9bn in 2024FY

March 5, 2025

… Achieves 11 million Hours Without Lost Time Injury Seplat Energy PLC, leading Nigerian independent energy Company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited results for the twelve months ended 31 December 2024, with a strong operational and strategic progress in 2024 culminating with the transformational acquisition […]Read More

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